Problem 1-8A Analyzing effects of transactions C4 P1 P2 A1 Amer Kassem started Najm Consulting, a new business, its first year of operations. a. Amer Kassem invests $70,000 cash and office equipment valued at $10,000 in the company. b. The company purchased a $150,000 building to use as an office. Najm Consulting paid $20,0 cash and signed a note payable promising to pay the $130,000 balance over the next 10 years. c. The company purchased office equipment for $15,000 cash. d. The company purchased $1,200 of office supplies and $1,700 of office equipment on credit. e. The company paid a local newspaper $500 cash for printing an announcement of the of opening. f. The company completed a financial plan for a client and billed that client $2,800 for the service g. The company designed a financial plan for another client and immediately collected a $4,000 fee. h. Amer Kassem withdrew $3,275 cash from the company for personal use. i. The company received $1,800 cash as partial payment from the client described in transaction= j. The company made a partial payment of $700 cash on the equipment purchased in transaction k. The company paid $1,800 cash for the office secretary's wages for this period. Required 10 uning the following headings for the columns:

Problem 1.8A Analyzing effects of transactions C4 P1 P2 A1 its first year of operations. a. Amer Kassem invests $70,000 cash and office equipmentice. Najm Consulting paid $20, b. The company purchased a $150,000 building to use as an of $130,000 balance over the next 10 years. cash and signed a note payable promising to pay the $130,000cash. c. The company purchased office equipment for $15,000 cash $100 of office equipment on credit. d. The company purchased $1,200 of office supplies and $1,700 of of anting an anncement of the of e. The company paid a local newspaper $500 cash for printing an opening. f. The company completed a financial plan for a client and billed that clicat $2,800 for the cotlect a $4,00 h. Amer Kassem withdrew $3,275 cash from the company for the client described in transaction 1. The company received $1,800 cash as partial payment from the clipment purchased in transaction J. The company made a partial payment of $700 cash on the equipmes for this period. k. The company paid $1,800 cash for the office secretary's wages for this period